on december 31 spearmint, incorporated, issued $450,000 of 9 percent, 3-year bonds at a premium of $11,795. the bonds pay interest semiannually. spearmint uses the straight-line bond amortization method. the entry to record each interest payment includes a debit to bond interest expense for $18,284, a debit to premium on bonds payable for $1,966, and a credit to cash for $20,250.

Answers

Answer 1

The carrying value of the bonds at June 30, 2016, is equal to the par value of $450,000 plus the unamortized premium of $9,829 (or $11,795 less $1,966 in amortization), or $459,829.

What is meant by the straight-line bond amortization method?

One approach to determine debt payback is by straight-line amortization. The fact that it allows the same amount of interest for each payment until the loan is repaid is its primary attribute. It does this by dividing the entire amount of interest due by the required number of installments.

A straightforward loan repayment strategy is straight-line amortization, often known as continuous amortization. The monthly principal payment remains the same during this procedure, but the monthly interest payment reduces as the loan's principal balance grows over time.

The carrying value of the bonds at June 30, 2016, is equal to the par value of $450,000 plus the unamortized premium of $9,829 (or $11,795 less $1,966 in amortization), or $459,829.

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Related Questions

when a company acquires assets by issuing debt or equity securities, the first indicator of fair value is the multiple choice question. fair value of the assets received. net present value of assets received. fair value of the debt or equity securities given. book value of the assets received.

Answers

when a company acquires assets by issuing debt or equity securities, the first indicator of fair value is fair value of the debt or equity securities given.

What are Features of debt securities?Debt securities are tradable financial products, which means that buyers and sellers can exchange them on the open market. They have a face value, maturity date, coupon rate, and issue date that are all specified. Debt securities ensure principal repayment as well as regular interest payments.equity instruments. The term "equity" nearly always refers to stocks and a portion of a company's ownership.

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The market for baking flour has changed over time such that there are more substitutes on the market. If the price of baking flour goes up, the decrease in quantity demanded will be _____ as compared to before.

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The market for baking flour has changed over time such that there are more substitutes on the market. If the price of baking flour goes up, the decrease in quantity demanded will be more as compared to before.

How do substitute goods affect the price?

The consumer has additional options thanks to substitutes. Demand for the replacement good is expected to increase if the price of the original good goes up. Substitutes, therefore, have a favorable cross-elasticity of demand.

Products that meet an equivalent need or desire are substitutes. a. Demand for a product's substitute will rise as the price of that good rises, while demand for that good's substitute will fall when the price of that good falls.

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you will be placed in a group of four to six students and will select a role to act out within the team. roles will be selected first come, first served. each team will consist of the following roles: one scrum master one product owner one or more testers one or more developers

Answers

The Scrum team is primarily made up of the three positions of the Product Owner, Development Team, and Scrum Master.

Nobody besides the core team has any direct power over the Team. Each of these Scrum roles has a fairly defined set of duties, which we will go over in more detail later on in this lesson. Let's concentrate on the qualities of the Scrum Team as a whole and the optimal team size under this part.

Self-organized Scrum Teams are capable of completing their tasks on their own without the aid of outside assistance or direction. The teams are capable of implementing best practices to meet their sprint goals.

Cross-functional Scrum Teams are those teams that have all the expertise and abilities required to complete their work within the team. These teams finish their work items independently of anyone else. As a result, the Scrum Team is a very inventive synthesis of the many abilities needed to finish the entire work item.

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frequently, project managers lack legitimate power based upon position and instead resort to persuading others based upon personal relationships. this type of power is known as:

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The type of power based upon position and instead resort to persuading others based upon personal relationships is known as referent power.

Referent power can be defined as a type of power that stems from a leader's ability to inspire and influence others. Referent power comes from the extent to which people respect, admire and like a specific leader.

Four types of referent power, are:

Expert, can be defined as a power derived from knowledge or skill.Referent can be defined as a power derived from a sense of identification others feel toward you.Reward can be defined as a power derived from an ability to reward others.Coercive can be defined as a power derived from fear of punishment by others.

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n 1904, the first putting green championship was held. the winner's prize money was $140. in 2016, the winner's check was $1,171,000. (do not round intermediate calculations.)

Answers

The percentage increase per year in the winner's check over this period is

x=8.398%

This is further explained below.

What is the future value,?

Generally, A present asset's future value, abbreviated as FV, is the value that the asset is expected to have at some point in the future, based on a projected rate of growth.

Because investors and financial planners use it to predict how much money an investment made now will be worth in the future, the future value is very significant to these professions.

The formula for determining the future value is as follows: FV = PV(1+i)n, where the present value PV is increased by a factor of 1 + I for each period that is added to the future. In order to calculate FV, the future value calculator takes into account a number of factors, including the following: The whole amount of the present value.

In conclusion,

A=P(1+r/100)^n

Therefore

1171000.=140*(1+r/100)^112

(1171000/140)^(1/112)=(1+r/100)

(1+r/100)=1.0839810

=8.398%

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CQ

In 1904, the first Putting Green Championship was held. The winner's prize money was $130. In 2016, the winner's check was $1,180,000. (Do not round Intermediate calculations.)

a. What was the percentage increase per year in the winner's check over this period?

in-group members . a.get more information from leaders b.do their jobs and nothing more c.have low-quality leader-member exchanges d.are focused on themselves rather than the team

Answers

Members in the group get more information from the leader.

Understanding leadership is an ability or strength within a person to lead and influence others in terms of work, where the goal is to achieve predetermined targets. While the notion of a leader is someone who is trusted as the chairman (head) in a system in an organization/company. That way, a leader must have the ability to guide and influence a person or group of people.

The goal of leadership is

Means to Achieve Goals, by paying attention to whether the goals are achieved or not and how to achieve these goals, we can find out the leadership spirit of a person.Motivating Others, in other words, a good leader is a leader who can motivate followers/subordinates to achieve the desired goals.

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to more quickly respond to customer needs, urban insurance co. is changing its organizational structure to give more authority and responsibility to field managers located across the country. these managers spend time with customers and know what the customers need right away. it appears that the company is moving toward a more structure.

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The company is moving towards a more decentralized organizational structure to give more authority and responsibility to field managers located across the country.

Decentralized organizational structures give critical decision-making responsibilities to senior managers and project managers, freeing up top management and firm owners to concentrate on strategic planning and big-picture choices.

A decentralized organizational structure contrasts with a centralized one, in which senior executives start all critical decisions and pass them down a chain of command.

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when calculating the total amount of manufacturing overhead to allocate to a particular job, the company would multiply each departmental overhead rate by and then together the allocated amounts from each department.

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The company would multiply each departmental overhead rate by and then together the allocated amounts from each department, the actual amount of the plantwide allocation based used by the job; multiply.

Overhead rate

The overhead rate is a cost that is incurred during the manufacturing of a product or service. Overhead expenditures, such as corporate office costs, are expenses that are not directly tied to production. An overhead rate is utilised to direct production expenses in order to allocate overhead costs by spreading or distributing overhead costs based on specific measures. For example, overhead expenses may be applied at a predetermined rate based on the number of machine or human hours necessary for the product.

Divide the indirect costs by direct costs and then multiply by 100 to get the overhead rate. If your overhead rate is 20%, it signifies that your company spends 20% of its sales on manufacturing or providing services. A reduced overhead rate means greater efficiency and profits.

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a passive activity is any activity that involves a trade or business in which the taxpayer does not materially participate or any rental activity (unless the taxpayer is engaged in a real property trade or business).

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The statement a passive activity is any activity that involves a trade or business in which the taxpayer does not materially participate or any rental activity (unless the taxpayer is engaged in a real property trade or business) is: True.

What is passive activity?

Passive activity can be defined as the way in  which a person does not participate in the day to day running of a business  operation or does not actively engage in the running of a business.

On the other hand non-passive activity is the reverse of passive activity in which a person involve themselves in the running of a business or take part in the running of a business.

Therefore we can conclude that the statement is true.

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The complete question is:

A passive activity is any activity that involves a trade or business in which the taxpayer does not materially participate or any rental activity (unless the taxpayer is engaged in a real property trade or business).

True /False

The growth in information that inundates businesses each day and the complex tools used to analyze the data and derive meaningful insights is known as?.

Answers

Big data refers to both the expanding amount of information that daily inundates businesses and the sophisticated tools used to analyze it and produce valuable insights.

Describe Big Data.

Big data describes data sets that are too big or intricate for conventional data-processing application software to handle. Greater statistical power is offered by data with more fields (rows), whereas data with more attributes (or columns) may have a higher false discovery rate.

Data collection, data storage, data analysis, search, sharing, transfer, visualization, querying, updating, information privacy, and data source are just a few of the big data analysis challenges.

Volume, variety, and velocity are the three main ideas that were initially connected to big data. Big data analysis makes sampling difficult, previously only allowing for observations and sampling. Veracity, the fourth concept, denotes the accuracy or value of the data.

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The growth in information that inundates businesses each day and the complex tools used to analyze the data and derive meaningful insights is known as?.

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This is known as Big Data that contains greater variety, arriving in increasing volumes and with more velocity. Put simply, big data is larger, more complex data sets, especially from new data sources.

The growth in information that inundates businesses each day and the complex tools used to analyze the data and derive meaningful insights is known as Big Data.

What is data?

The term “data” refers to such kinds of information. Data is a set of information, facts, images, and numbers. The data is a methodical record of the built-in data file. The data are the always recorded into the electronic devices. The data are to share with different file, but share safely because hacker are the smart.

The term big data refers to the contains the variety of the data are the complex. It was also the increased the data of the volume. It was are the more velocity. Big data rare the complex in the too much information are the gather. It was the Semi-Structured Data, Structured Data and the Unstructured Data.

As a result, the big data was the growth of the information are the business are the very complex tool.

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Question 1
Which of the following accurately describes a budget?
O It is what you make in income
O It is the difference between what you make in income and what you borrow in
credit
It is how you spend your money
It is what you make in income and where it goes (how you spend it)

Answers

Budget is what you make in income and where it goes (how you spend it).

What do you mean by budget?

An income- and expense-based spending plan is referred to as a budget. In other words, it's an estimation of the amount of money you'll earn and spend over a specific time frame, like a month or a year. (Or, if you're keeping track of the income and expenses for every member of your household, that's a family budget.)

What are the uses of budget?

Financial stability is facilitated by a budget. A budget makes it simpler to save for significant expenses like a car or home by keeping track of spending and sticking to a plan. It also makes it easier to pay bills on time and to accumulate an emergency fund. Overall, having a budget helps a person's financial situation, both now and in the future.

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a manager has been asked to approve a marketing campaign that promotes food products to children and is concerned that the food products are not particularly nutritious, although they are not as bad as the products sold by competitors. the ethical decision-making metric will allow the manager to

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The ethical decision-making metric will allow the manager to Disregard personal ethical considerations in the decision-making process.

In psychology, decision-making (also spelled decision making and decisionmaking) is considered the cognitive method resulting in the choice of a belief or a course of action among many potential various options. It can be either rational or irrational. The decision-making process could be a reasoning process supported by assumptions of the values, preferences, and beliefs of the decision-maker. Every decision-making process produces a final choice, which can or might not prompt action.

Research regarding decision-making is additionally printed below the label problem solving, notably in European psychological research. Decision-making can be regarded as a problem-solving activity yielding an answer deemed to be optimal, or a minimum of satisfactory. it's so a process that may be a lot or less rational or irrational and can be based on explicit or tacit knowledge and beliefs.

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What are Common Tasks for Recreation Workers?

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Answer:

•Plan, organize, and lead activities for groups or recreation centers.

•Explain the rules of activities and instruct participants at a variety of skill levels.

•Enforce safety rules to prevent injury.

•Modify activities to suit the needs of specific groups, such as seniors.

Dane stores begins the year with $30,000 of dvd inventory. It purchases dvds worth $80,000 during the year. The cost of goods sold for the year is $70,000. What is the amount of ending inventory?.

Answers

The amount of ending inventory is $40,000.

Ending inventory can be defined as the total value of goods you have available for sale at the end of an accounting period, like the end of your fiscal year. Ending inventory is an inventory accounting method that helps retailers benchmark net income, run accurate stock checks, and obtain financing.

The formula of ending inventory, is:

Total cost of goods available for sale - cost of goods sold = ending inventory

Ending inventory = $30,000 +$80,000-$70,000 = $40,000

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to influence government policymakers' actions, an information strategy involves: group of answer choices business leaders speaking before government policymakers. government policymakers hiring special interest groups for fact-finding projects. businesses listening to government policymakers in order to develop a corporate strategy. gaining support from other affected organizations.

Answers

To influence government policymakers' actions, an information strategy involves business leaders speaking before government policymakers.

A person, mainly in a central authority or political party, who makes a decision on new rules: U.S. Policymakers are pressured to make tough selections among country-wide protection and domestic priorities. This is the main difficulty that no longer had numerous interests from policymakers. See. Coverage-making. Modern policy-making must be designed around results; be inclusive and truthful; involve others within the technique; keep away from unnecessary burdens on business, and emerge as more forward- and outward-searching. Policy-makers are individuals at few stages of government or decision-making organization, consisting of however no longer constrained to international businesses, non-governmental corporations, or professional associations, who have responsibility for making tips to others.

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which statement is true? a competitive market pushes the quantity produced to its efficient level. when the efficient quantity is produced, consumer surplus is minimized. when the efficient quantity is produced, producer surplus is minimized. when supply is greater than demand, producer surplus is less than consumer surplus.

Answers

It is accurate to say that a competitive market drives production to its optimal level.

In a competitive market, consumer surplus is maximized when the efficient amount is generated.

The sum of the consumer and producer surpluses, or the total surplus, is maximized at the efficient quantity. This is the case because the market sets prices that are equivalent to the marginal cost of manufacturing the final unit.

When is the productive quantity produced?

The quantity of a good that causes the marginal benefit from it to equal the marginal cost of producing it is known as the effective quantity. Increased quantity will result in more effective resource usage if marginal gain outweighs marginal cost.

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if inflation is 15 percent per year and you receive a 11 percent raise in income, then your: a) real and nominal income both fall. b) real and nominal income both rise. c) real income falls, but nominal income rises. d) real income rises, but nominal income falls.

Answers

If inflation is 15 percent per year and you receive a 11 percent raise in income, then your real income rises, but nominal income falls.

Inflation is the process of an event, not the highs and lows of the price level. That is, the price level that is considered high does not necessarily indicate inflation. Inflation is an indicator to see the level of change and is considered to occur if the process of price increases takes place continuously and influences each other.

The term inflation is also used to mean an increase in the money supply which is sometimes seen as a cause of rising prices. There are many ways to measure the rate of inflation, the two most commonly used are the CPI and the GDP Deflator.

Inflation can be classified into four groups, namely mild, moderate, severe inflation, and hyperinflation. Mild inflation occurs when price increases are below 10% a year; moderate inflation between 10%-30% a year; weight between 30%—100% a year; and hyperinflation or uncontrolled inflation occurs when price increases are above 100% a year. Inflation is measured by calculating the percentage change in a price index.

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lego is a famous compnay in the city. the company id due for auditing in the upcomeing days. during the auditing details of the eomployees will be verified, but only for selected emplyees. manually collecting the details will be diffculyt

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One of the most well-known companies in the world when it comes to children's toys is LEGO, which has been around since 1932.

In the city, Lego is a well-known brand. In the following days, the firm will be subject to an audit. Only a few workers will have their personal information checked during the audit. It will be tough to manually gather the information. Therefore, assist them in printing the employee information as needed.

The information about the personnel must be printed in accordance with their pay. Using Lambdas, assist them in writing a Java application to identify the workers whose pay is less than or equal to the amount stipulated by the auditors.The Lego Corporation aims to identify any workers whose pay is below or on par with the amount determined by the auditors.

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Which of the following is the best example of a mentor relationship?

A Mrs Lowell is a math teacher at a local high school who offers afterschool tutoring to her students

B philippa is a manager at a restaurant who creates the shift schedule each week and shares it with employees

C Simon Willis are high school students who have been assigned to work on a project together

D Regina is a CPA she meets once a month to give council and advice to Alex and accounting student

Answers

The following is the best example of a mentor relationship Regina is a CPA she meets once a month to give council and advice to Alex and accounting student

How do mentor and mentee relationships work well?

Truth, trust, and honesty are the cornerstones of successful mentor-mentee relationships. Both the mentor and the mentee must be aware of and respect each other's different truths and views when it comes to communication.

What three things make up a successful mentoring relationship?

Successful mentoring includes a mutually beneficial relationship characterized by open communication, assistance during a transfer in roles, and carefully planned mentoring activities, according to the protégés (White et al., 2010).

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the cost of electricity varies widely throughout the united states; $0.120/kwh is a typical value. at this unit price, calculate the cost of the following.(a) leaving a 40.0-w porch light on for 2 weeks while you are on vacation.$ 1.61 correct: your answer is correct.(b) making a piece of dark toast in 3.00 min with a 940-w toaster. (give your answer to at least three decimal places.)0.00564 incorrect: your answer is incorrect. ¢(c) drying a load of clothes in 40.0 min in a 5,000 w dryer. (give your answer to at least one decimal place.)

Answers

The cost for the porch light is $1.6123, The cost for making the dark toast is $0.00588, The cost for drying the cloths will be $0.392.

Power: A resource or method for obtaining energy

a) Power = 40w = 0.04kw

   Time for which it is used = 2 weeks = 24 × 14 = 336 h.

   Energy = power × time.

   Energy = 0.04 × 336 = 13.44 kwh.

   Therefore the total cost is:

   0.12 × 13.44 = $1.6132.

b) Power = 940w = 940/1000= 0.94kw

   Time the toaster is used for = 3 minutes = 3/60 = 0.05 h

   Energy = power × time

   Energy = 0.94 × 0.05

   Energy = 0.047kwh

   Therefore the total cost is:

   0.047 × 0.12 = $0.00564

c) Power = 5000w = 5000/1000= 5.0 kw.

   Time = 40 minutes = 40/ 60 = 0.67 hrs

  Energy = power × time

   Energy = 5.0 × 0.67

   Energy = 3.35 kwh

   Therefore the total cost is:

   3.35 × 0.12 = $ 0.402

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the traditional 401(k) plans will generate (higher/lower) after-tax rates of return than the roth 401(k) plans when taxpayers' marginal tax rates decrease from the time of the contribution to the time of the distribution.

Answers

The traditional plans will experience a higher after-tax rate of return under the standard 401(k). when taxpayers' marginal tax rates decrease from the time of the contribution to the time of the distribution.

What is marginal tax rate?

The amount of additional tax paid for each new dollar of income received is known as the marginal tax rate.With a marginal tax rate of 10%, tax would be deducted from the following dollar of income at a rate of 10%.

Plan than under the Roth 401(k) plan if her marginal tax rate in the year of contribution is higher than her marginal tax rate in the year of distribution. The retirement savings programs, known as traditional and Roth 401(k)s, contain differences that are crucial for you to comprehend.

Contributions to a traditional 401(k) are made before taxes, therefore withdrawals are taxed. Since Roth 401(k) contributions are made after tax, there is no tax on withdrawals.

Jenny will earn a higher after-tax rate of return if she chooses option A because her marginal tax rate in the year of contribution is higher than her marginal tax rate in the year of distribution. return on the standard 401(k) plan than on the Roth 401(k) plan due to the fact that, as was mentioned in the paragraph above, Roth 401(k) withdrawals are tax-free (k).

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you project investment is $185,000 and the project's discounted cash flow is $65,000. what is the project's profitability index? select one: a. 2.15 b. 2.05 c. 1.25 d. 0.35

Answers

According to the solving the profitability index of the given data is  = 0.35

What does profitability mean in layman's terms?

By contrasting a company's revenue and its outgoing costs, one can assess its profitability. A more efficient business will make more money relative to its costs than a less efficient one, which would have to spend more to make the same amount of money.

What makes profitability index so crucial?

An investment's ranking and the best investment to make are determined by the profitability index. PI greater than one denotes that the investment will generate profits since the present value of its expected future cash inflows exceeds its initial investment.

According to the given data:

project investment is $185,000

discounted cash flow is $65,000

We know that :

profitability index = Present value/initial value

                             = 185000/65000

                            = 0.35

The profitability index of the given data is  = 0.35

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a plan that focuses on ongoing activities designed to achieve an enduring set of goals is called a . start-up plan single-use plan standing plan rotational plan activation plan

Answers

Standing plan is a plan that focuses on ongoing activities designed to gain long lasting set of goals.

A business plan that is meant to be utilized repeatedly is known as a standing plan. It is intended to direct managerial choices and actions that frequently occur. It is employed over an extended length of time, occasionally forever, and is modified as needed. Standing plans typically include rules, regulations, and procedures that specify what to do in specific circumstances or what must be done to achieve a specific goal. Standing plans help the organization coordinate because they promote uniformity and consistency. Because the norms and procedures pertaining to the task have previously been defined, they enable senior employees to reliably assign work to subordinates.

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Question 5 of 10
The FBLA-PBL organization that supports
working professionals is…

O A. PD
O B. ML
O C. PBL
O D. FBLA

Answers

The FBLA-PBL organization that supports working professionals is PBL.

What is FBLA-PBL?

A career and technical student organization with its main office in Reston, Virginia, is called Future Business Leaders of America (FBLA). Since its founding in 1940, FBLA has served as a non-profit association of high school ("FBLA"), middle level ("FBLA Middle Level"), and college ("FBLA Collegiate") students as well as adult members ("FBLA Network"). Its main goal is to assist students in making the transition from academia to the business world. With 253,365 members, FBLA is the largest career student group worldwide and one of the largest student organizations in the United States. Most advisers are business education teachers, and local FBLA chapters frequently have ties to their school's business education department. It is one of the top 10 businesses the U.S. Department of Education has listed. The March of Dimes is FBLA's official national charity partner.

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when managers consider​ , they think of information systems as a competitive asset to be nurtured and invested in and think of them as an enabler of opportunities and mechanism for supporting or executing their business model. question content area bottom part 1 a. ​business/it alignment b. value proposition c. organizational learning d. capabilities e. automation

Answers

Option (a) ​business/ IT alignment is correct.

When managers consider​ ​business/ IT alignment, they think of information systems as a competitive asset to be nurtured and invested in and think of them as an enabler of opportunities and mechanism for supporting or executing their business model.

What is ​business/ IT alignment?In the process of business-IT alignment, an organization employs information technology to accomplish business goals, such as increased financial performance or competitiveness.The fact that it is culturally complex makes it challenging to achieve meaningful IT-business alignment. Hanging value-based posters and encouraging department meet-and-greets may seem like simple ways to improve the culture, but these initiatives rarely work. Instead, achieving alignment calls for planning.In order to satisfy key performance indicators and achieve business transformation goals and objectives, such as enhancing customer service or creating new revenue streams, IT-business alignment makes sure that the organization has access to the correct technology at the right time.

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What does Beshara say is important about the book

Answers

Answer:

what book there'S A LOT

RESEND IT THX

nobody can figure out this question without a provided file or a specific name of the book

exercise 2-6 (algo) analyzing effects of a compound entry lo a1 groro company bills a client $50,000 for services provided and agrees to accept the following three items in full payment: (1) $25,000 cash, (2) equipment worth $55,000, and (3) to assume responsibility for a $30,000 note payable related to the equipment. (a) analyze the transaction using the accounting equation. (b) record the transaction in journal entry form. (c) post the entry using t-accounts to represent ledger accounts.

Answers

The journal is made up of unprocessed accounting entries, organized chronologically by date, that document company activities.

What is the difference between a journal entry and a ledger entry?

The journal is made up of unprocessed accounting entries, organized chronologically by date, that document company activities. The five main accounting elements that the general ledger tracks are assets, liabilities, owner's capital, income, and expenses.

Transactions are recorded in a supplementary book of accounts called the journal. A ledger is a main book of accounts used to organize the transactions entered in a journal. Order. On the day of the transaction, the journal entries are entered in reverse chronological order.

A. Account Equation analyzation

Assets = Liabilities + Equity

Cash + Equipment = Note payable + Revenue

$10,000 + $80,000 = $28,000 + $62,000

B. Journal Entry

DR Cash .................................................. $10,000

DR Equipment..........................................$80,000

CR Note payable.....................................$28,000

CR Service revenue ..............................$62,000

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manufacturing overhead consists of all a.manufacturing costs other than direct materials. b.manufacturing costs other than direct materials and direct labor. c.costs other than direct materials and direct labor. d.costs other than direct materials.

Answers

Manufacturing overhead includes all production costs other than direct materials and direct labor.

The answer is option B.

Manufacturing overhead is oblique substances, oblique labor, and manufacturing unit overhead.

The costs which aren't directly traceable to every product manufactured are referred to as the producing overhead.

Manufacturing overhead no longer consists of any of the selling or administrative capabilities of a business. thus, the costs of such gadgets as company salaries, audit and legal costs, and horrific money owed are not protected in manufacturing overhead.

Overhead costs are all prices on the income assertion besides for direct exertions, direct substances, and direct fees.

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to maintain financial stability, people should know how much credit they can comfortably tolerate. the debt safety ratio is a computation that defines one’s monthly loan repayment burden. it compares loan obligations to income. the formula for the debt safety ratio is: debt safety ratio

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The debt safety ratio is the ratio of monthly consumer debt payments to the monthly take-home pay, expressed as a percentage. Lending institutions such as banks and credit card companies use debt safety ratios and other financial met.

“consumers, with the aid of definition, encompass us all," stated President John F. Kennedy, providing his definition to us Congress on March 15, 1962. This speech became the premise for the creation of global consumer Rights Day, now celebrated on March 15. In his speech: John Fitzgerald Kennedy outlined the crucial obligation to consumers from their respective governments to help work out customers' rights. A client is a person or a group who intends to order, or uses purchased items, merchandise, or services basically for non-public, social, circle of relatives, family, and comparable needs, who isn't always immediately associated with entrepreneurial or business sports. The time period most usually refers to someone who purchases goods and services for personal use.

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